The promoters of India’s largest telco Airtel have decided to transfer 10% of the family’s wealth worth Rs 7,000 crore, originally earmarked to secure their children’s future, to the Bharti Foundation which is focused on philanthropy projects in the education sector, Bharti Airtel chairman Sunil Bharti Mittal said on Thursday.

Mr Mittal also announced a decision to deploy Rs 1,000 crore out of this corpus for setting up a new-wave Satya Bharti University of Science and Technology at a 100-acre campus in North India, which would offer an avenue for under-privileged sections of society to take up higher education free of cost................Read more